Cloud Fund Accounting for Higher Education Foundations
Your higher education foundation supports its alumni, athletic, research, and development initiatives by acquiring, distributing, and managing funds. To demonstrate accountability to stakeholders, you must be able to show that contributions were used as donors intended. Reliance on spreadsheets for accounting and reporting can lead to time-consuming processes, costly errors, and lack of transparency. Blackbaud Financial Edge NXT is made to manage the complex accounting and reporting requirements of higher education foundations while simplifying your daily experience.
Whether your organization manages a diverse revenue stream, is primarily grant-funded, or derives most of its revenue through fundraising efforts, Blackbaud Financial Edge NXT can help you streamline your financial management processes, so you can do more with your resources.
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“I especially like the transaction codes in the Project, Grant and Endowment Management module. We used to have two project numbers for every project, but we were able to cut that in half by using transaction codes. We’re now able to track values that we could never track before!”
—Kim Elliot, University of South Carolina Foundations